Mobilis invests USD300m in first nine months of 2012

4 Dec 2012

The Algerian cellular operator Mobilis has invested DZD22 billion (USD300 million) in the first nine months of this year, up from the USD75 million it spent in the same period of 2011. The firm says the high level of investment makes it the biggest spender in the Algerian telecoms market this year. Mobilis, a subsidiary of state-owned fixed line operator Algerie Telecom, currently lies in second place in the Algerian mobile market according to TeleGeography’s GlobalComms Database, with almost eleven million subscribers and a 29% market share at the end of September 2012.